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Recent Posts
- Be nice to the staff at your bank (CEOs and high paid people don’t count ;))
- Are You Struggling From Financial Stress and Finding Your Financial Institution is Making it Worse?
- What to do when you want to Switch Banks
- Have you seen the Bank Ownership Tree?
- Investing in the Banks – it may be the only way to keep up with them
Recent Comments
- Lisa Martin on Be nice to the staff at your bank (CEOs and high paid people don’t count ;))
- Gordon on Have you seen the Bank Ownership Tree?
- Esther on Claiming your Medical Tax Offset
- Elle on Mortgage Insurance – Sex, Lies and Deception (But without the Sex) part one
- Paul Davis on Be nice to the staff at your bank (CEOs and high paid people don’t count ;))
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SyB stumbled upon a young mum with two toddlers and a large mortgage. Her job is to find out about everything that the banks are less keen for you to know and to tell you ALL about it!
Category Archives: Unfair Banking
What to do when you want to Switch Banks
The banks may be in business for a profit, but it is time to remind them that it pays to put customers NOT shareholders first. Whether you’re refinancing or applying for your first loan, we believe that the best strategy … Continue reading
Investing in the Banks – it may be the only way to keep up with them
Here’s the beginning of an article by Jessica Irvine from the Sydney Morning Herald that is well worth the read. Make sure to take the time to read the comments at the bottom of the article as well. “High returns, … Continue reading
Posted in Bank Information, In the News, Unfair Banking
Tagged bank profits, banks, interest rates, investing in banks, Jessica Irvine, smh
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A Bank Error to Keep an Eye Out For
A fan of our website recently wrote to us to inform of us of a glitch in the banking system that would have resulted in him paying extra fees had he not made a query with the bank. As he … Continue reading
Posted in Bank Fees, Bank Information, Customer Relations, Personal Finance, Unfair Banking
Tagged ANZ, australia and new zealand banking, bank error, bank fees, bank glitch, CBA, citi bank, citi group, citibank, citigroup, commbank, Commonwealth Bank, NAB, National Australia Bank, unfair bank fees, WBC, Westpac
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Big Four, your record profits make me Grumpy!
Over the last few weeks ANZ, Commonwealth Bank, NAB and Westpac have all announced their annual reports. What they’re doing their best to share with their shareholders but not with their customers is the news that they have ALL reported … Continue reading
Posted in In the News, Spank Your Bank, Unfair Banking
Tagged annual report, ANZ, bank, CBA, commbank, Commonwealth Bank, financial service provider, interest rate, interest rates, mortgage, NAB, National Australia Bank, profit, refinancing, SyB, WBC, Westpac
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Suncorp Isn’t Owned by the Big Four But the Shareholders Who Own the Big Four Own Suncorp
On my way along Warringah Road yesterday, I saw a big shiny billboard with a huge Suncorp advertisement on it. The billboard read, “We’re not owned by the Big Four. So why should you be?” This piqued my interest as … Continue reading
SYB – A Family Story
Spank Your Bank was initiated by a bloke called Ken Longshaw. He’s your everyday sort of fella – wife, kids mortgage…you know the drill. Here’s a You Tube link to a video about how Spank Your Bank evolved.
Banks and Their Incestuous Puppet Show
National Nominees Ltd, a wholly owned subsidiary of National Australia Bank, is the Number Three shareholder for ANZ, CBA, WBC and itself. I think that a staged break-up where you’re sleeping with the enemy would be the perfect plot line for next week’s Days of Our Lives episode. Hmmm…. Continue reading
Posted in Bank Competition, Bank Information, Bank Ownership, Personal Finance, Understanding Banks, Unfair Banking
Tagged Adelaide Bank, ANZ, Aussie, Aussie Home Loans, australian banks, bank, bank advertising, bank competition, bank own, bank owner, bank ownership, banks, banks who owns who, BankWest, Bendigo Bank, big four banks, Break-Up, CBA, changing your lender, Choice Magazine, cogent nominees pty ltd, Comm Bank, Commonwealth Bank, competition between banks, credit union, customer relations, Days of Our Lives, financial sector, financial service provider, home loan, HSBC, interest, JP Morgan, JP Morgan Chase Co, major australian banks, major banks, Mark Bouris, NAB, NAB Break up, National Australia Bank, national nominees ltd, National Nominees pty ltd, newcastle permanent, perpetual, queensland investment corporation, Rams, rbc dexia, refinancing, shareholders, spank, spank your bank, St George, SyB, top 20 shareholders, top twenty shareholders, UBank, WBC, Westpac, who owns what bank, who owns which bank, Yellow Brick Road
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Credit Cards – The Handy Catch 22 That Are Usually More Trouble Than They’re Worth
So, you’re thinking…“Ok, despite your last Post, I’m going to get a credit card. I know you have one. And I want one too. Besides, like you said, society is designed for us to have one. Um, which one should I get?” Continue reading
Posted in Bank Information, Budgeting Advice, Credit Card Advice, Credit Card Comparisons, Personal Finance, Tips on Saving, Understanding Banks, Unfair Banking
Tagged ANZ, bank, Bank West, bankcard, banks, budget, CBA, closing balance, Commonwealth Bank, credit, credit card, credit card comparison, credit card fees, credit card situation, credit union, financial service provider, low fee card, low rate card, rewards card, spank, spank your bank, SyB, TCU, Teacher's Credit Union, WBC, Westpac, Which credit card should I get
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Credit Cards and their "Ouch!" Factor
Prior to arriving at this newfound intense interest with how the banks work, the chances of me googling ‘credit card’ would have been about as slim as me winning the lotto. I just simply wouldn’t have bothered. I’m too busy … Continue reading
Posted in Bank Information, Budgeting Advice, Credit Card Advice, Credit Card Comparisons, Tips on Saving, Understanding Banks, Unfair Banking
Tagged aldi, american express, amex, ANZ, balance transfer, bank, bank statement, bankcard, banks, budget, CBA, closing balance, Commonwealth Bank, consumer price index, CPI, credit, credit card, credit card fees, credit card myths, credit card situation, credit card statement, credit cards, customer relations, customer service, debt, fee, fees, finances, financial difficulties, financial hardship, financial issues, financial service provider, google, interest, interest free, mastercard, money, NAB, simple savings, spank, SyB, understanding credit cards, visa, visa debit, WBC, Westpac
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A Little From the Bank’s Newsroom
Seen any good articles about the banks lately? I’m quite enjoying the Fin Review. I don’t quite have time to read all their articles (who does???), but I like their writing style. It seems to be a little less sensationalist … Continue reading
Posted in Bank Competition, Bank Information, General Discussion, In the News, Understanding Banks, Unfair Banking
Tagged afr, bank, CBA, changing your lender, Commonwealth Bank, customer relations, financial review, financial service provider, home loan, home loans, interest, lender, mortgage, refinancing, spank, spank your bank, sunday telegraph, SyB, WBC, Westpac
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Mortgage Insurance – Sex, Lies and Deception (But without the Sex) part four – The end is nigh!
Well Folks… It’s actually here. The final part in our four part never ending saga. Who would have thought that we would eventually come to an end? I was certainly worried that it had vanished beyond the horizon line. Perhaps … Continue reading
Posted in Bank Information, Budgeting Advice, Home Loan Help, Lender's Mortgage Insurance, Mortgage Insurance, Personal Finance, Understanding Banks, Unfair Banking
Tagged bank, calculate lmi, capitalising LMI costs, financial service provider, foreclosure, fos, fsp, genworth financial mortgage insurance, help with Lender's mortgage insurance, help with LMI, home loan, home loans, interest, lender s mortgage insurance, lenders mortgage insurance formula, Lender’s Mortgage Insurance, LMI, lmi refund, mortgage, Mortgage Insurance, mortgagee sale, principal and interest, shortfall, spank, spank your bank, SyB
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Mortgage Insurance – Sex, Lies and Deception (But without the Sex) part three
LMI is a completely unfair insurance! Continue reading
Posted in Bank Information, Home Loan Help, Lender's Mortgage Insurance, Mortgage Insurance, Understanding Banks, Unfair Banking
Tagged bank, calculate lmi, capitalising LMI costs, financial service provider, foreclosure, fos, fsp, genworth financial mortgage insurance, home loan, home loans, interest, lender s mortgage insurance, lenders mortgage insurance formula, Lender’s Mortgage Insurance, LMI, lmi refund, mortgage, Mortgage Insurance, mortgagee sale, predatory loan, principal and interest, shortfall, spank, spank your bank, SyB, unfair insurance, unfair insurance practices, unfair mortgage
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Mortgage Insurance – Sex, Lies and Deception (with a tiny bit of ‘sexy’ this time) part two
When you calculate LMI, what does it really cost you? Continue reading
Posted in Bank Information, Budgeting Advice, Home Loan Help, Lender's Mortgage Insurance, Mortgage Insurance, Personal Finance, Unfair Banking
Tagged bank, calculate lmi, foreclosure, genworth financial mortgage insurance, home loan, home loans, interest, lender s mortgage insurance, lenders mortgage insurance formula, Lender’s Mortgage Insurance, LMI, mortgage, Mortgage Insurance, mortgagee sale, shortfall, spank, spank your bank, SyB
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Mortgage Insurance – Sex, Lies and Deception (But without the Sex) part one
When you calculate LMI, what does it really cost you? Continue reading
Posted in Bank Information, Budgeting Advice, Lender's Mortgage Insurance, Mortgage Insurance, Personal Finance, Understanding Banks, Unfair Banking
Tagged bank, calculate lmi, foreclosure, genworth financial mortgage insurance, home loan, home loans, interest, lender s mortgage insurance, Lender's Mortgage Insurance, lenders mortgage insurance formula, LMI, mortgage, Mortgage Insurance, mortgagee sale, shortfall, spank, spank your bank, SyB
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